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Energy Recovery(NASDAQ) ERII

Current Price$8.47
Market Cap$433.50MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2008)-14%
5 Year-59%
1 Year-39%
1 Month-5%
Energy Recovery last closing stock price
MetricPriceDate
Last closeUSD 8.412026-07-23
Energy Recovery stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.33%USD 8.702026-07-16
1 month-5.08%USD 8.862026-06-23
3 month-25.44%USD 11.282026-04-24
Year to date-37.66%USD 13.492025-12-31
1 year-39.28%USD 13.852025-07-23
3 year-72.08%USD 30.122023-07-24
5 year-59.21%USD 20.622021-07-23
Since inception-14.45%USD 9.832008-07-02

Energy Recovery Financials at a Glance

Market Cap

$433.50MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$136.34M

Net Income (TTM)

$20.59M

EPS (TTM)

$0.38

P/E Ratio

22.02

Dividend

$0.00

Beta (Volatility)

1.16 (Average)

Price

$8.47

Volume

3,363

Open

$8.46

Previous Close

$8.41

Daily Range

$8.39 - $8.48

52-Week Range

$7.83 - $18.32

Estimated Earnings Date

Aug 5, 2026

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About Energy Recovery

Energy Recovery helps water plants and factories save energy. Their machines help cities turn seawater into drinking water cheaply. These tools also help factories clean and reuse their wastewater.

What Does Energy Recovery Sell?

  • Pressure Exchangers: Hardware that reuses energy in desalination; helps lower power costs by up to 60%.
  • Centrifugal Pumps: Machines that push water through filters in a process called reverse osmosis, which removes salt and impurities.
  • Hydraulic Turbochargers: Tools for smaller plants or brackish water, which is water that is less salty than seawater.
  • PX G1300: Technology for cooling systems that use carbon dioxide instead of chemical gases to save electricity.
  • Ultra High-Pressure PX: Solutions that help factories reach zero liquid discharge, meaning they treat water until no liquid waste remains.

Strategic Shifts and Decisions

  • Decided to wind down carbon dioxide retail grocery operations on February 25, 2026.
  • Achieved a 2020 goal to double emissions reductions from products one year ahead of schedule.
  • Expanded product offerings into industrial wastewater markets such as textile and chemical manufacturing.
  • Developed the PX U Series to handle extremely high pressures in industrial water treatment.

The Secret is in Ceramics

Energy Recovery uses proprietary alumina ceramics to build internal parts that are designed to last over 25 years. Its technology acts like a fluid piston to transfer energy efficiently without the need for additional electricity.

Energy Recovery by the Numbers

  • Operating income reached $32 million in Q4 2025, up 24.9% from the previous year.
  • Net income hit $26.9 million in Q4 2025, a 14.7% increase year-over-year.
  • Revenue was $66.6 million in Q4 2025, down 0.7% from $67.1 million in Q4 2024.
  • Free cash flow decreased to $6.4 million in Q4 2025, down 27.5% from the prior year.

Bottom Line

Energy Recovery has transitioned from a desalination specialist into a broader environmental technology firm. Its core focus remains on ceramic-based pressure exchange technology to drive industrial efficiency and sustainability.

AI Generated • May 5, 2026

Industry

Machinery

Employees

230

CEO

David W. Moon, MBA

Headquarters

San Leandro, CA 94577, US

ERII Financials

Key Financial Metrics (TTM)

Gross Margin

64.29%

Operating Margin

19.87%

Net Income Margin

15.10%

Return on Equity

10.89%

Return on Capital

11.39%

Return on Assets

9.85%

Earnings Yield

4.54%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$433.50MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

51.55M

Volume

3.36K

Avg. Volume

1.09M

Financials (TTM)

Gross Profit

$87.66M

Operating Income

$27.09M

EBITDA

$36.56M

Operating Cash Flow

$29.13M

Capital Expenditure

-$1.95M

Free Cash Flow

$27.18M

Cash & ST Invst.

$86.15M

Total Debt

$8.85M

Energy Recovery Performance Analysis

Energy Recovery annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 125,591,00020.9%
20232023-12-31USD 128,349,0002.2%
20242024-12-31USD 144,948,00012.9%
20252025-12-31USD 134,987,000-6.9%
Energy Recovery sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30247.8%
Q32025-09-3014.1%
Q42025-12-31108.1%
Q12026-03-31-85.4%
Energy Recovery annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.4271.7%
20232023-12-31USD 0.37-10.7%
20242024-12-31USD 0.407.0%
20252025-12-31USD 0.426.4%
Energy Recovery sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30120.9%
Q32025-09-3092.3%
Q42025-12-31589.7%
Q12026-03-31-146.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$9.71M

+20.3%

Gross Profit

$4.33M

-2.8%

Gross Margin

44.65%

N/A

Market Cap

$433.50MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.88M

N/A

Employees

230

N/A

Net Income

-$12.25M

-24.0%

EBITDA

-$13.05M

-23.1%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$86.15M

+3.1%

Total Debt

$8.85M

-20.4%

Accounts Receivable

$40.64M

+25.5%

Inventory

$30.89M

-4.7%

Long Term Debt

$6.25M

-28.5%

Short Term Debt

$2.59M

+9.9%

Return on Assets

9.85%

N/A

Return on Invested Capital

14.14%

N/A

Free Cash Flow

$20.22M

+92.8%

Operating Cash Flow

$21.04M

+97.0%

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Questions About ERII

What is the current price of Energy Recovery?

Energy Recovery is trading at $8.47 per share.

What is the 52-week range for Energy Recovery?

Over the past 52 weeks, Energy Recovery has traded between $7.83 and $18.32.

How much debt does Energy Recovery have?

As of the most recent reporting period, Energy Recovery reported total debt of $8.85M.

How much cash does Energy Recovery have on hand?

Energy Recovery reported $50.12M in cash and cash equivalents in its most recent financial results.

What is Energy Recovery’s dividend yield?

Energy Recovery does not currently have a dividend yield.

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